Telecom Italia to Launch Share Buyback of Up $471 Million After Revenue Grows

This initiative is contingent upon the successful completion of the €700 million sale of its subsea cable unit, Sparkle. The company also provided guidance for 2026, forecasting a 5-6% rise in core profit (EBITDA-AL).

Preliminary 2025 results showed EBITDA-AL increased by 6.5% to €3.7 billion, driven by growth in both domestic and Brazilian operations, and were in line with expectations. The buyback will utilize approximately half of the Sparkle sale proceeds.

This move follows TIM's significant restructuring efforts, including the 2024 sale of its domestic landline network for €18.8 billion, which was used to reduce debt.